# Plantation stocks rally as CPO price hits 27-month high

> Malaysian plantation stocks rallied as crude palm oil futures for third-month delivery rose RM66 to RM3,070 per tonne, a 27-month high. The FBM Palm Oil Index gained 2.67%, outperforming the broader market. Crude oil and the ringgit also moved higher on the day.

- Date: 2026-11-02 · published 2026-11-02T00:06:50.583Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74302-plantation-stocks-rally-as-cpo-price-hits-27-month-high
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Palm futures at a multi-year high reflect firm demand and tighter vegetable oil supply, supporting palm prices. Strength in crude oil also supports palm oil's biodiesel-linked demand.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/plantation-stocks-rally-cpo-price-hits-27-month-high

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.